The A-share market is putting on its “Folks, don’t leave” act again. Post-2000s billionaire Vida, founder of Formula News, splashed out 5 million to buy the dip in Zhongji Innolight—only to enter last Friday and watch it plunge 12% today.
He says he plans to buy a total of $20 million worth, and this is just his initial position. He even said he’ll keep buying as it falls. But the stock has dropped from over 1,400 to 480, and analysts say it could fall as low as 240. Catching this falling knife looks pretty risky.
The A-share market is best at “selling stocks to shareholders.” We’ll see whether this post-2000s investor really has the means—or is just left holding the bag. Grab a little stool and watch the show.
Commentary: Rather than guessing where the bottom is, it’s better to keep an eye on liquid assets like $BTC . That $20 million story making the rounds in U.S. stock circles? Let’s just watch and see.
#BTC #Crypto
He says he plans to buy a total of $20 million worth, and this is just his initial position. He even said he’ll keep buying as it falls. But the stock has dropped from over 1,400 to 480, and analysts say it could fall as low as 240. Catching this falling knife looks pretty risky.
The A-share market is best at “selling stocks to shareholders.” We’ll see whether this post-2000s investor really has the means—or is just left holding the bag. Grab a little stool and watch the show.
Commentary: Rather than guessing where the bottom is, it’s better to keep an eye on liquid assets like $BTC . That $20 million story making the rounds in U.S. stock circles? Let’s just watch and see.
#BTC #Crypto
